An exclusive use clause is an agreement of the owner not to allow other residents of the mall to exploit a concept that would compete with the activity of the tenant. For most restaurants, the need for this federation is self-evident and will be decisive for its future success. However, landlords want to protect their ability to attract new tenants to meet the changing demands of consumers and residents. In other words, a lessor does not want to restrict itself unduely in the development and leasing of the balance sheet of the shopping centre. The scope of an exclusivity clause will depend on the relative bargaining power of the parties and will be part of the hard-fought struggles in the reflection negotiations. Where a lessor can be changed, the important issues that need to be considered in the context of this federation are: (a) the definition of exclusive use; b) to whom the ban applies (for example. B future occupants); (c) the extent of the lessor`s obligation to protect the right of exclusive use; (d) tenant remedies for violation of exclusive rights of use (for example, termination rights. B, rent reduction, damages and interest); and (e) triggering events that end exclusive rights to use (e.g. B standard). 19.04 THE COLLATERAL OF PERSONAL PROPERTY AND/OR RENTAL INTEREST. Regardless of the language above, the lessor recognizes that the tenant can apply for financing or financing that requires that the tenant`s personal property as well as similar assets from other restaurant stores be grafted by a first and previous security interest for guarantees in favour of an institutional lender.
In this case, the lessor executes the documents that are reasonably required by that lender in order to demonstrate the subordination of the lessor`s security interest, if any, in accordance with this paragraph. C. The caps on these insurances are not re-injected more often than every five (5) years in order to be able to limit industrial standards and other breweries/restaurants operated by Tenant. This insurance is granted by a company or company with an A.M. The best rating of no less than A X, and is allowed to do business in the state of Colorado. 15.02 REMEDIES. When a delay event occurs, the lessor may have the option of re-entering the event as planned or taking possession of it in accordance with a judicial procedure or notification provided for it. and the lessor may terminate the lease or, from time to time and without termination of the lease, make reasonably and commercially necessary modifications and repairs to re-lease the premises and for that duration or part of those premises (which may go beyond the duration of the lease) and in such leases or leases and other conditions that the owner can make in his reasonable business decision and at his discretion.